Citizen of Belarus and Cyprus Viktor Prokopenya on June 30 submitted a package of documents to receive the approval of indirect acquisition of 100% of shares in the public joint-stock company Sberbank (Kyiv) via Paritetbank, Belarus to the National Bank of Ukraine (NBU), the press service of the central bank has reported.

“At present the documents submitted to receive the approval of the large stake in Sberbank have been registered and are being processed,” the press service said.

According to Article 24 of the law on banks and banking operations, the central bank can consider the relevant document during three months from the date of receiving the full package of documents. The NBU will check compliance of business reputation of the investor with the requirements set in the regulator’s acts, his financial state and the origin of funds.

According to a press release of VP Capital, the owner of which is Prokopenya, the company also submitted documents required for the acquisition of 99.83% of shares in Paritetbank belonged to Belarus for $50 million.

“The deals (the acquisition of Paritetbank and then the acquisition of the Ukrainian subsidiary of Sberbank) would be finalized after all regulators approve the deals,” VP Capital said.

On March 27 Sberbank announced plans to sell 100% of its Ukrainian subsidiary bank to a consortium of investors including Latvia’s Norvik Bank, owned by Grigory Guselnikov and a Belarusian private company, owned by Said Gutseriev, son of Russneft owner Mikhail Gutseriev. Sberbank of Russia officially announced that it was pulling out of the Ukrainian market. (Interfax-Ukraine/Business World Magazine)